Tencent has struck again: the Chinese giant has bought into Playtonic Games as a shareholder. According to Playtonic it is “only” a minority stake.
Playtonic must maintain “complete creative control” over its own intellectual property. They want to use the investment to scale from just one development team to multiple teams. At the same time, the search for a new location for expansion begins.
“I was surprised because I didn’t expect them to be interested in Playtonic,” Gavin told Price GamesIndustry. Ultimately, the most important thing is to develop more games. One will be a sequel to Yooka-Laylee.
Tencent’s expansion is under scrutiny
Playtonic Games is known for developing Yooka-Laylee, and that’s how it all started for the studio. Meanwhile, Yooka-Laylee and the Impossible Lair has released an offshoot that relies on a different gameplay. In addition, Playtonic Friends has set up a publishing label that focuses on indies.
Tencent, on the other hand, continues its tour of the industry. In addition to owning League of Legends developer Riot Games, Tencent also owns 40% of Epic Games and shares in developers and publishers such as Ubisoft, Activision Blizzard, PlatinumGames or Marvelous.
Most recently, Sackboy developer Sumo Digital and the Japanese group were bought Wake up interactivelywho is responsible for ninjala among other things. Tencent’s expansion strategy is being scrutinized in the industry and among fans.
Images: Yooka-Laylee, Team17, Playtonic games
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